Rs 85/Share Dividend: Zero-Debt Burden Stock To Go Ex-Dividend Next Week

Large cap FMCG giant Gillette India Ltd on January 30, 2024 declared a surge of 39.6% in its Q2 profit amid rise in demand and introduction of various premium products. Gillette India gained fame for its Oral B toothbrushes and shaving razors. Gillette India also declared an interim dividend of Rs 85 on the same day for the FY 2023-24.

Last trading price of Gillette India shares on BSE is Rs 6567.75 per share with intraday dip of 0.31%. Gillette India shares rallied 33% in last 1-year. Gillette India shares will trade ex-dividend on February 8, 2024. Check details below:

Gillette India Shares To Go Dividend: The company as per its BSE filing dated January 30, 2024, "In line with the strong performance, the company has announced an interim dividend of Rs 85 per equity share for the financial year 2023-24. This interim dividend includes a onetime special dividend of Rs 40 per equity share to commemorate 40 years of serving consumers, customers, shareholders, employees, and society."

Gillette India Ltd Q3: The zero debt FMCG company announced its profit at Rs 104 crore for the quarter ended December 31, 2023 as against Rs 74.45 crore in the similar quarter of last year. In a challenging operating atmosphere, Gillette India declared a balanced growth during the quarter with sales of Rs 639 crore, up 3% vs year ago. Domestic sales surged 6% vs year ago, pushed by a robust portfolio, superior retail execution and strong brand fundamentals.

LV Vaidyanathan, Managing Director, Gillette India Ltd. shared, "For 7 consecutive quarters now, we have delivered a balanced top-line and bottom-line growth. Our teams' execution of our integrated growth strategy has enabled us to build and sustain strong momentum. We stay committed to our strategies of a focused product portfolio of daily use categories where performance drives brand choice, superiority - across product performance, packaging, brand communication, retail execution and consumer and customer value - productivity, constructive disruption, and an agile and accountable organization."

Gillette India Stock Performance & Return: The 52-week high price of Gillette India shares on BSE is Rs 7318.10 apiece and 52-week low price is Rs 4,140 00 apiece, respectively. Its market capitalisation is Rs 21,401.16 crore. Gillette India shares surged 5% in last 3-months, gained 15% in last 6-months, and offered return of 24% in last 2-years. In last 3-years, Gillette India shares offered shareholders rally of 17% and rose 220% in last 10-years.

Gillette India About: Gillette India Limited (GIL) is one of India's well-known FMCG Companies that has some of the world's leading brands Gillette, Braun and Oral B; and has carved a reputation for delivering superior products to meet the needs of consumers. GIL brands take pride in being socially conscious as part of P&G Shiksha, the flagship CSR program of P&G Group in India, that supports the education of underprivileged children.

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